2025 Office Space Rent & Sales
- $28.67 2025 Avg. Asking Rent
- 13.98% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Gig Harbor?
Average asking rents for office space here stand at $28.67 per square foot. The local office market recorded an average vacancy rate of 13.98% in 2025, unchanged from 13.98% in 2024.
Gig Harbor, WA Office Asking Rents by Class
What is the average office rent per square foot by property class in WA?
- Avg. Asking Rent Class A & A+$41.77
- Avg. Asking Rent Class B$29.03
- Avg. Asking Rent Class C$21.15
For comparison, the average rent for Class A and A+ office space in Washington was $41.77 per square foot. The state-wide average for Class B space was $29.03 per square foot, and Class C office spaces averaged $21.15 per square foot.
What are the largest recent office completions in Gig Harbor?
The largest recent office completion here is Gateway Pointe Business Park at 89,160 square feet, completed in 1992. The next largest completions are Milgard Medical Pavilion and Park Plaza.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Milgard Medical Pavilion | 11511 Canterwood Blvd NW, 98332 | 85,903 | 2009 |
| Park Plaza | 2727 Hollycroft Street, 98335 | 58,428 | 2003 |
| 5801 Soundview Drive | 5801 Soundview Drive, 98335 | 32,201 | 1998 |
| North Plaza | 5790 Soundview Dr, 98335 | 8,100 | 1995 |
| Gateway Pointe Business Park | 2601 Jahn Avenue NW, 98335 | 89,160 | 1992 |
| 3710 Grandview St | 3710 Grandview St, 98335 | 2,880 | 1992 |
| Soundview Park | 5775 Soundview Drive, 98335 | 51,527 | 1990 |
| The Woods Business Park | 6659 Kimball Drive, 98335 | 35,581 | 1981 |
See reports for other markets
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.